[BRIEFING.COM] The major averages trade with moderate losses as the session nears its end.
Only the energy (+0.5%) and materials (+0.3%) sectors trade in positive territory, as the other nine S&P 500 sectors face losses ranging from 0.1% (health care) to 1.3% (consumer staples).
Reuters reports that the Trump administration is planning to use $2 billion in CHIPS Act funding for critical minerals projects.